1130 Centinela, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath
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Santa Monica, California 90403
This property presents a High-Potential Investment Opportunity with a List Price of $3,800,000—positioned well above the $3,528,476 Fair Market Value by 7%. Featuring a Condition Rating of 6, the home serves as a prime candidate for a custom teardown or full-scale renovation on its expansive 9,050-square-foot lot. With a swimming pool and prime Santa Monica location, this asset offers significant development upside. This is an ideal acquisition for Luxury Developers or Owner-Occupants seeking to build a bespoke residence in a premier neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1130 Centinela Subject | $3,800,000* List Price | 3 | 3 | 1,843 | $1,915 | - |
A 1111 Berkeley Street Sold | $3,150,000 | 3 | 2 | 1,762 | $1,788 | 0.1 mi |
B 939 25th St Sold | $2,900,000 | 2 | 1 | 1,746 | $1,661 | 0.6 mi |
C 917 Princeton Street Sold | $2,875,000 | 3 | 2 | 1,712 | $1,679 | 0.5 mi |
D 844 25th Street Sold | $3,208,000 | 3 | 2 | 1,435 | $2,236 | 0.7 mi |
E 2832 Washington Sold | $2,833,000 | 2 | 2 | 1,455 | $1,947 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is 72 years old (built 1952) with no major renovations reported, featuring original 1950s bathrooms and finishes. The listing explicitly markets the property as an opportunity to build a 'substantial custom residence' on an expansive lot, indicating the primary value is in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9050, living area = 1843.
Situated in a highly coveted neighborhood north of Wilshire and south of Montana, the property offers exceptional access to world-class dining, shopping, and top-tier schools.
The rare 9,047-square-foot lot is significantly larger than average for the area, providing a massive footprint for a custom luxury estate or extensive outdoor amenities.
Built in 1952 and maintaining its original charm, the home likely requires a full-scale renovation or teardown to align with contemporary living standards and efficiency.
With a list price of $3.8M, the acquisition cost is high for a property that necessitates significant additional capital for modernization or new construction.
First Time on the Market Since 1952! Located on a quiet, tree-lined street north of Wilshire Boulevard and south of Montana Avenue, this rare Santa Monica offering sits on an expansive 9,047-square-foot lot in one of the city's most sought-after neighborhoods. Lovingly held by the same family since it was built, the approximately 1,840-square-foot home features a large circular driveway, 3 bedrooms, 2 baths, lovely family room with wood-burning fireplace, a bright solarium, and generous living spaces with original charm throughout. The backyard offers a relaxing swimming pool, while the large garage and attached workshop/storage area provide ample room for projects, surfboards, bicycles, and other recreational gear. With ample space to accommodate a substantial custom residence and outdoor amenities, the lot presents an exceptional opportunity for those looking to build their dream home in a premier Santa Monica location. Whether you're looking to update and enjoy the existing home or create something entirely new, the exceptional lot size and setting make this a truly special offering.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 3.0 | 3.5 |
| Square foot | 1,843 | 2,285.5 |
| Lot Size | 9,050 | 7,496 |
| Price | $3.80M | $3.70M |
| Price per sq ft | $2.1K | $1.7K |
| Built year | 1952 | 1936 |
| HOA | $0 | $0 |
| Days on market | 30 | 51 |
Jun 22, 2026
$3,800,000
Initial Listing